Press release
Fishmeal Market Set to Soar, Reaching $11.25 Billion by 2028, Driven by Aquaculture Growth and Dairy Demand
Fishmeal Market
Key Growth Drivers:
Growing Aquaculture Industry Drives Fishmeal Demand:
The expanding aquaculture sector emerges as a key catalyst propelling the fishmeal market's future growth. With aquaculture addressing the soaring demand for seafood and compensating for declining wild fish catches, the industry is predicted to grow. In 2020, global fisheries and aquaculture production reached 214 million tons, valued at approximately USD 424 billion, according to the Food and Agriculture Organization of the United Nations.
Increased Dairy Consumption Boosts Fishmeal Market:
The heightened consumption of dairy products is anticipated to fuel the fishmeal market. As a nutrient-rich ingredient derived from fish, fishmeal is utilized to enhance protein content in animal feeds, including those for dairy cattle. In the USA, dairy per capita consumption increased by 12.4 pounds in 2021, reaching a total of 667 pounds of dairy on a milk fat basis.
Explore the Global Fishmeal Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7524&type=smp
Major Players:
Prominent players in the fishmeal market include Aker Biomarine Antarctic AS, Alpha Atlantique, Animalfeeds International Corporation, Austevoll Seafood ASA, and more.
Innovations Driving Market Trends:
Innovative and Sustainable Alternatives Gain Traction:
The fishmeal market witnesses a trend of innovative products and sustainable alternatives. Companies like Interpet introduce new recipes, such as Blagdon Fit & Wild Pond Sticks, formulated with insects and small crustaceans, addressing the demand for nutrition-rich and natural fishmeal alternatives for animals.
Stress-Combating Fishmeal Addresses Environmental Stress:
To combat environmental stress in fish, major companies are introducing stress-combating fishmeal formulations. Pelagia's Pro-Allo is a revolutionary fishmeal designed to support allostasis in fish, contributing to healthier and larger fish by aiding them in countering stressors from environmental changes or handling.
Regional Insights:
Asia-Pacific leads the fishmeal market in 2023, with the forecast indicating Europe as the fastest-growing region in the coming years. The comprehensive market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Segmentation:
The fishmeal market covered in this report is segmented -
1) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Other Livestock
2) By Source: Salmon and Trout, Marine Fish, Carps, Crustaceans, Tilapia, Other Sources
3) By Application: Fertilizers, Animal Feed, Other Applications
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/fishmeal-global-market-report
Fishmeal Global Market Report 2024 from TBRC covers the following information:
Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Fishmeal Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on fishmeal market size, market drivers and trends, fishmeal market major players, competitors' revenues, market positioning, and market growth across geographies. The fishmeal market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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